QuantHouse has announced the availability of easy access to Sun Trading’s Systematic Internaliser (SI) platform through its QuantFEED and QuantLINK offering.
Sun Trading is a provider of bespoke equity streams under the MiFID I regime, and the organisation anticipates a high demand for their liquidity under MiFID II. Previously, only large tier 1 brokers have had the resources to connect to this liquidity directly. By offering simple connectivity via a single API, QuantHouse’s customers are now able to access Sun Trading’s market data and order entry feeds, and access the SI’s liquidity in an efficient and cost-effective manner.
Access to Sun Trading’s SI will be available from QuantHouse’s qh API Ecosystem powered by QuantFEED and QuantLINK. The qh API ecosystem brings together the largest community of buy- and sell-side participants, exchanges, prime brokers, trading venues, hedge funds and market makers with other financial services partners and vendors. With more than 500 participants, members can quickly and easily gain global access to multiple trading venues, technologies or applications, accelerate time to market for new services, streamline infrastructure costs and take advantage of new collaborative opportunities.
Jamal Tarazi, Head of European Trading, Sun Trading, said, “QuantHouse’s ability to deliver connectivity to Sun Trading’s SI liquidity is a critical component for navigating the changing liquidity landscape in 2018. Now that QuantHouse has certified its connectivity to our market data and order entry feeds, we have an efficient manner for QuantHouse’s clients to access our SI liquidity which was previously only accessible to large tier 1 institutions. QuantHouse is helping to open up the market to smaller firms by normalising access to liquidity that would have been inaccessible before and delivering it via an easy to use, uniform solution.”
Stephane Leroy, Business Co-Founder and Chief Revenue Officer, QuantHouse, said, “There is enormous change happening in the market under MiFID II, and our aim is to help clients access these new SIs quickly and easily so they benefit from this new regime. Sun Trading is one of the largest liquidity providers, and by providing connectivity to Sun Trading via QuantHouse’s API ecosystem, clients now have quicker access to better liquidity, without the pain of having to code bespoke APIs.”